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Question(s) / Instruction(s):

A corporation issues for cash $8,000,000 of 8%, 25-year bonds, interest payable semiannually. The amount received for the bonds will be a. present value of 50 semiannual interest payments of $320,000, plus present value of $8,000,000 to be repaid in 25 years b. present value of 25 annual interest payments of $640,000 c. present value of 25 annual interest payments of $640,000, plus present value of $8,000,000 to be repaid in 25 years d. present value of $8,000,000 to be repaid in 25 years, less present value of 50 semiannual interest payments of $320,000

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